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Alby Ltd. is going through a severe financial crisis. It needs to either file for bankruptcy or restructure its loans. It opts for the latter. The management decides to take a loan from the bank and help the company rebuild again.
What is this situation known as?

Restructuring of loans by taking credit from banks or other institutions is known as_____management.

Respuesta :

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Restructuring of loans by taking credit from banks or other institutions is known as DEBT RESTRUCTURING management. In this situation, a public or private company/institution renegotiates its debts so that it would improve its liquidation process and continue its day-to-day operations. A lot of people in the global economy are actually doing such restructuring in order to help save their specific economies. 


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Answer:

debt restructuring

Explanation:

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